Check out some available loans that are similar to this one!
Chuluunbaatar
Chuluunbaatar B. is 28 years old and lives with his daughter in Umnugobi province, Mongolia. He and his daughter live together in a traditional Mongolian tent home called a ger. His daughter attends a local kindergarten.


Chuluunbaatar has a studio where he produces a variety of paintings and sculpture. He has been engaged in this business since 2000 with the help of his father, B., and he has since built a stable and successful operation. Over the years, he has gained a lot of experience as an artist and has greatly improved his quality of life. He has used his earnings to build a workplace in his yard as well as to decorate his home.


In the future, he wants to expand his business and study to become an art teacher to instruct children how to paint pictures. He is planning to open his own exhibition during the end of October in his town. In November, he hopes to participate in an exhibition that will be held in Ulaanbaatar, Mongolia's capital city.


Chuluunbaatar says, "For artists, the exhibition is the best way and biggest chance to sell their art." He is requesting a 1,500,000 MNT loan to purchase necessary materials and supplies in order to create more paintings and sculptures that will be exhibited in his own gallery opening in November.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $2,175
    Average annual income
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,307.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Chuluunbaatar to purchase necessary materials and supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2010
Listed
Oct 17, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011